WATCHES OFSWITZERLAND GROUP financials
WATCHES OFSWITZERLAND GROUP
Country: GB Reporting currency: GBP Latest annual report: 2026-05-03
LEI:
2138008ZOT5K9PJW7168 ISIN: GB00BJDQQ870 Financial statements
(GBP, as reported — unscaled; 99 line items across 2 annual periods)
| Line item | 2026 | 2025 |
|---|---|---|
| Income statement | ||
| Revenue | £1.83B | £1.65B |
| Cost of sales | £1.59B | £1.44B |
| Gross profit | £237.2M | £211.2M |
| Administrative expenses | £58.4M | £43.6M |
| Operating profit (EBIT) | £170.0M | £113.9M |
| Net finance income / (cost) | -£36.5M | -£38.0M |
| Finance costs | £38.2M | £38.1M |
| Profit before tax | £133.5M | £75.9M |
| Income tax expense | £34.5M | £22.1M |
| Profit for the year | £99.0M | £53.8M |
| — attributable to owners | £98.8M | £53.8M |
| — attributable to NCI | £200.0K | £0 |
| Total comprehensive income | £94.1M | £39.8M |
| Per share | ||
| Basic EPS | £0.43 | £0.23 |
| Diluted EPS | £0.43 | £0.23 |
| Free cash flow / share | £0.80 | £0.49 |
| Cash flow statement | ||
| Cash generated from operations | £277.6M | £214.1M |
| Net cash from operating activities | £253.6M | £183.7M |
| Net cash from investing activities | -£105.1M | -£178.0M |
| Purchase of PP&E (capex) | £68.3M | £68.0M |
| Purchase of intangibles | £3.3M | £3.6M |
| Net cash from financing activities | -£182.1M | -£21.1M |
| Net change in cash | -£33.6M | -£15.4M |
| Balance sheet | ||
| Total assets | £1.46B | £1.48B |
| Non-current assets | £884.9M | £864.7M |
| Property, plant & equipment | £217.0M | £192.4M |
| Right-of-use assets | £338.2M | £358.6M |
| Intangible assets & goodwill | £245.3M | £231.2M |
| Current assets | £576.2M | £610.9M |
| Inventories | £458.1M | £447.4M |
| Trade & other receivables | £48.5M | £56.0M |
| Cash & equivalents | £65.1M | £98.9M |
| Total equity | £628.7M | £539.6M |
| Non-current liabilities | £531.2M | £622.2M |
| Long-term borrowings | £120.5M | £192.8M |
| Lease liabilities (non-current) | £369.0M | £398.6M |
| Current liabilities | £301.2M | £313.8M |
| Lease liabilities (current) | £58.6M | £56.0M |
| Trade & other payables | £239.5M | £254.9M |
| Deferred tax liabilities | £19.5M | £15.9M |
| Derived metrics | ||
| Free cash flow | £185.3M | £115.7M |
| Operating margin | 9.3% | 6.9% |
| Net margin | 5.4% | 3.3% |
| Return on equity | 15.7% | 10.0% |
| Cash conversion ratio | 2.56× | 3.41× |
| Capex coverage | 3.71× | 2.70× |
| Other reported items | ||
| Adjustments For Amortisation Expense | £3.5M | £3.3M |
| Adjustments For Decrease Increase In Inventories | -£5.9M | -£13.3M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -£800.0K | -£18.2M |
| Adjustments For Finance Costs | £38.2M | £38.1M |
| Adjustments For Finance Income | £1.7M | £2.3M |
| Adjustments For Income Tax Expense | £34.5M | £22.1M |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | £0 | £200.0K |
| Adjustments For Sharebased Payments | £1.8M | £1.8M |
| Adjustments For Undistributed Profits of Investments Accounted For Using Equity Method | £0 | -£200.0K |
| Cancellation of Treasury Shares | £12.9M | £0 |
| Capital Redemption Reserve | £100.0K | £0 |
| Cash and Bank Balances At Central Banks | £42.0M | £80.4M |
| Cash Flows Used In Obtaining Control of Subsidiaries Or Other Businesses Classified As Investing Activities | £39.3M | £106.9M |
| Comprehensive Income Attributable To Noncontrolling Interests | £200.0K | £0 |
| Comprehensive Income Attributable To Owners of Parent | £93.9M | £39.8M |
| Current Provisions | £2.6M | £2.4M |
| Current Tax Assets Current | £4.5M | £8.6M |
| Current Tax Liabilities Current | £500.0K | £500.0K |
| Decrease Increase Through Tax On Sharebased Payment Transactions | -£300.0K | -£400.0K |
| Deferred Tax Assets | £3.8M | £4.1M |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -£200.0K | -£1.4M |
| Finance Income | £1.7M | £2.3M |
| Income Tax Relating To Exchange Differences On Translation Other Than Translation of Foreign Operations Included In Other Comprehensive Income | -£300.0K | -£1.1M |
| Income Taxes Paid Refund Classified As Operating Activities | £23.3M | £29.7M |
| Increase Decrease Through Sharebased Payment Transactions | £1.8M | £1.8M |
| Increase Decrease Through Transactions With Owners | -£5.0M | -£23.2M |
| Intangible Assets Other Than Goodwill | £74.4M | £72.9M |
| Interest Paid Classified As Financing Activities | £12.7M | £13.4M |
| Interest Received Classified As Investing Activities | £1.7M | £2.3M |
| Investment Accounted For Using Equity Method | £500.0K | £500.0K |
| Issued Capital | £2.9M | £3.0M |
| Liabilities | £832.4M | £936.0M |
| Merger Reserve | -£2.2M | -£2.2M |
| Net Assets Liabilities | £628.7M | £539.6M |
| Noncurrent Payables | £11.7M | £4.6M |
| Noncurrent Provisions | £10.5M | £10.3M |
| Noncurrent Receivables | £4.5M | £4.5M |
| Noncurrent Recognised Assets Defined Benefit Plan | £1.2M | £500.0K |
| Other Cash and Cash Equivalents | £23.1M | £18.5M |
| Other Comprehensive Income | -£4.9M | -£14.0M |
| Other Comprehensive Income Before Tax Exchange Differences On Translation | -£5.4M | -£15.2M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | £200.0K | £100.0K |
| Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax | -£5.1M | -£14.1M |
| Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax | £200.0K | £100.0K |
| Other Reserves | -£18.5M | -£13.3M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | £400.0K | £2.7M |
| Purchase of Interests In Investments Accounted For Using Equity Method | £0 | £700.0K |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | £67.9M | £75.4M |
| Purchase of Treasury Shares | £12.9M | £12.1M |
| Reserve of Change In Value of Foreign Currency Basis Spreads | -£14.8M | -£9.7M |
| Retained Earnings | £514.1M | £414.7M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | £0 | -£200.0K |
| Share Premium | £147.1M | £147.1M |
Methodology
Every line item above is a fact tagged in WATCHES OFSWITZERLAND GROUP's annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (GBP), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.